Knowledge news
The UN Global Compact has released their CEO Study on Sustainability for 2013. Over 1,000 chief executives across 27 industries and 103 countries participated in the survey, giving their insights on priorities for action in fostering corporate sustainability. The study found that while over 90 percent of respondents felt environmental, social and governance issues are “important to the future of their businesses” almost half of respondents said that sustainability efforts cost too much. In particular, 50 % of respondents cited a “lack of financial resources” as the leading barrier to advancing sustainability and 85% of respondents stated the desire to see clearer policies from governments to support green growth.